On October 28, 2025, Deyang Chuanfa Longmang, a fully-owned subsidiary of Chuanfa Longmang, entered into a [Here, it seems there's a missing word like "cooperation agreement" or similar in the original text, I'll assume and add it for better context] cooperation agreement with Jiangxi Shenghua, a holding subsidiary of Fulin Precision. The two entities jointly committed an investment of 660 million yuan to establish a joint venture named Fulin Longmang New Material Co., Ltd. This venture is set to undertake a lithium iron phosphate project with an annual production capacity of 175,000 tons. The total projected investment for the project stands at 1.961 billion yuan, which will be financed through a combination of the joint venture's internal funds and self-raised capital. This strategic investment is geared towards refining the capacity allocation within the lithium battery material sector, while also striving to enhance the performance and cost-efficiency of end-use products.